Go long on BHEL: Gurunath Mudlapur

In a chat with ET Now, Gurunath Mudlapur, Director, Atherstone Capital Markets Ltd, talks about the outlook of BHEL.

What should one do with BHEL?

It is a very minor initiative at this juncture. If one has to look at the overall balance sheet and operations of BHEL, it is already very much into doing a lot of large scale projects and moving into a new segment right now where that the action has been already stolen by its competition and then other people who are already very much interested in that business. So, it is a long call right now and it is not going to make too much of an immediate EPS impact on the company.